: Stablecoin Ecosystems

$ENA (Ethena): A "Synthetic Dollar" protocol. Critical View: It relies on "basis trading" (hedging) to maintain its peg. In a massive market crash, this mechanism could fail, leading to a "Terra-style" death spiral.

ENA
ENA
0.1743
+0.51%

$LDO (Lido): The leader in Liquid Staking. Critical View: Governance overcentralization is a major concern; if Lido controls too much of the Ethereum validator set, it could become a target for regulators.

LDO
LDOUSDT
0.5216
+1.22%

$JUP

JUP
JUPUSDT
0.1977
+2.96%

(Jupiter): The engine of the Solana ecosystem. Critical View: While it's the best aggregator in the business, its massive token supply and frequent "Launchpad" drops risk diluting the value for long-term holders.
#Stablecoins #ethena #Lido #SolanaDeFi